Family needs:
Life insurance can provide a valuable financial benefit, especially for those with dependents to support. It is an effective way to guarantee that your loved ones will be financially secured in case of your unfortunate death.
Re-adjustment need:
At the time of reduction in income whether by loss of unemployment, disability, or death, adjustment in the standard of living of family is required.
Old age needs:
The provision for old age is required where the person is surviving more than his earning period.
Insurance provides savings and securities:
Most insurance plans available today come with a savings as well as securities elements built into it. These policies help you plan not only for protection against death but also for a financially independent future, which would enable you to have a comfortable retirement.
Yes, all we know future is uncertain and risk are inevitable at any moments of life. Human life is precious and should be handled with lots of care. Life insurance is necessary at all stage of life. We can’t stop or totally avoid the risk but we can minimize it.
To minimize financial burden and to provide financial security, life insurance is often the only feasible way to provide financial security.
Human life is priceless. No one can declare the value of life in monetary terms. The amount of life insurance depends upon the financial status of a person.
To determine the insurance amount (say, sum assured), First of all, you may consider the following points:
To get more information on life insurance, you can contact:
It is very easy to get insurance with us. Please kindly contact any of our agents or our branch offices in various parts of Nepal.
The premium is calculated considering your age, occupation, sum assured, mode of payment, health status etc. Then the fixed premium is paid in each year in yearly or half yearly or quarterly basis as you have stated in your proposal form till the stipulated date of last payment mentioned in the policy bond or previous death of the life assured.
You can pay premium at any Branch of Asian Life Insurance Company Ltd.
Moreover, our branch offices provide more and more information about importance of life insurance, activities of the company and its wide range of products.
Endowment policy (Asian Sabadhik Jeevan Beema Yojana)
Yes, you can change your nomination at any time within the term of the policy. You need to inform us about the change through the specified form. Company will issue an endorsement and provide the written notice to you.
In case you have misplaced your policy document we can issue you a duplicate policy document. For this purpose, official procedure has to be completed and some official charge has to be paid.
Yes, you can change the mode of payment. You need to inform us about the change through the specified form.
A policy lapses when the policy holder fails to pay the premium even within the grace period of 30 days for yearly, half yearly or quarterly mode of payment. In this case, the policy loses all its benefits.
If your policy has lapsed, it can be re-instated by:
There are two types of Claim:
Maturity Claim:
For Maturity Claim, you need to submit the following necessary documents at the company’s nearest branch office:
Death Claim:
In case of death of insured, you need to submit the written application along with the following necessary documents:
As per Insurance regulation, 2049(1993) rule-31, Sub-rule (4), after satisfactory completion of all the documentation which the company will require, the company will determine the liability within 15 days from the date of receipt of such documents.
As per section- 38 of Insurance Act 2049 (1992), If any Life Insurance Policy Holder dies before the expiry of the term of his/her policy, the amount mentioned in such Insurance Policy shall be paid to the person nominated by him/her therein. If he/she has not nominated any person or if the nominee has already died, payment shall be made to any of his/her surviving related dependents as follows in the following order and if there are more than one surviving related persons in same order with amount shall be distributed or equal share:
Family needs:
Life insurance can provide a valuable financial benefit, especially for those with dependents to support. It is an effective way to guarantee that your loved ones will be financially secured in case of your unfortunate death.
Re-adjustment need:
At the time of reduction in income whether by loss of unemployment, disability, or death, adjustment in the standard of living of family is required.
Old age needs:
The provision for old age is required where the person is surviving more than his earning period.
Insurance provides savings and securities:
Most insurance plans available today come with a savings as well as securities elements built into it. These policies help you plan not only for protection against death but also for a financially independent future, which would enable you to have a comfortable retirement.
Yes, all we know future is uncertain and risk are inevitable at any moments of life. Human life is precious and should be handled with lots of care. Life insurance is necessary at all stage of life. We can’t stop or totally avoid the risk but we can minimize it.
To minimize financial burden and to provide financial security, life insurance is often the only feasible way to provide financial security.
Human life is priceless. No one can declare the value of life in monetary terms. The amount of life insurance depends upon the financial status of a person.
To determine the insurance amount (say, sum assured), First of all, you may consider the following points:
To get more information on life insurance, you can contact:
It is very easy to get insurance with us. Please kindly contact any of our agents or our branch offices in various parts of Nepal.
The premium is calculated considering your age, occupation, sum assured, mode of payment, health status etc. Then the fixed premium is paid in each year in yearly or half yearly or quarterly basis as you have stated in your proposal form till the stipulated date of last payment mentioned in the policy bond or previous death of the life assured.
You can pay premium at any Branch of Asian Life Insurance Company Ltd.
Moreover, our branch offices provide more and more information about importance of life insurance, activities of the company and its wide range of products.
Endowment policy (Asian Sabadhik Jeevan Beema Yojana)
Yes, you can change your nomination at any time within the term of the policy. You need to inform us about the change through the specified form. Company will issue an endorsement and provide the written notice to you.
In case you have misplaced your policy document we can issue you a duplicate policy document. For this purpose, official procedure has to be completed and some official charge has to be paid.
Yes, you can change the mode of payment. You need to inform us about the change through the specified form.
A policy lapses when the policy holder fails to pay the premium even within the grace period of 30 days for yearly, half yearly or quarterly mode of payment. In this case, the policy loses all its benefits.
If your policy has lapsed, it can be re-instated by:
There are two types of Claim:
Maturity Claim:
For Maturity Claim, you need to submit the following necessary documents at the company’s nearest branch office:
Death Claim:
In case of death of insured, you need to submit the written application along with the following necessary documents:
As per Insurance regulation, 2049(1993) rule-31, Sub-rule (4), after satisfactory completion of all the documentation which the company will require, the company will determine the liability within 15 days from the date of receipt of such documents.
As per section- 38 of Insurance Act 2049 (1992), If any Life Insurance Policy Holder dies before the expiry of the term of his/her policy, the amount mentioned in such Insurance Policy shall be paid to the person nominated by him/her therein. If he/she has not nominated any person or if the nominee has already died, payment shall be made to any of his/her surviving related dependents as follows in the following order and if there are more than one surviving related persons in same order with amount shall be distributed or equal share: